Category: Industry
Younus falls for 313 as Pakistan steered to safety
KARACHI, February 25, 2009 (AFP) – Younus Khan fell for 313, agonisingly short of the national and world Test records, after steering Pakistan to safety in the first Test against Sri Lanka on Wednesday.Younus, who resumed at 306, played on to Sri Lanka’s Dilhara Fernando in the ninth over of the final day, disappointing the […]
First Pakistan-Sri Lanka Test ends in draw
KARACHI, February 25, 2009 (AFP) – The first Test between Pakistan and Sri Lanka ended in a draw after some late excitement when the tourists lost quick wickets briefly raising hopes of an unlikely result here on Wednesday.The tourists averted defeat after losing five wickets for just 120 runs, finishing the match with the score […]
Loan Slowdown
Feb 25, 2009 (LBO) – Sri Lanka’s DFCC Bank said group net profit for the December 2008 quarter rose 25 percent to 638 million rupees from a year ago but that earnings growth was slowing because of reduced lending and capital gains.Total group income for the December quarter rose 23 percent to 3.5 billion rupees […]
Younus smashes double century as Test heads for draw
KARACHI, February 24, 2009 (AFP) – Younus Khan notched a spectacular double hundred to help Pakistan avoid following on against Sri Lanka as the first Test headed towards a draw here on Tuesday. The new captain was unbeaten on 243 for his second Test double hundred which helped Pakistan move to 453-4 at tea on […]
Quick Links
Feb 24, 2009 (LBO) – The disaster management capabilities of Sri Lanka’s regional government offices have been boosted with broadband services which will improve communications and decision-making, a United Nations agency said. “Before we had to physically meet and that was a costly and time consuming exercise,” said Mellawathanthri. “The ADSL connection and the webcam […]
Ton-up Younus keeps Pakistan afloat
KARACHI, February 23, 2009 (AFP) – Debutant captain Younus Khan completed a fighting hundred as Pakistan kept Sri Lanka at bay on the third day of the opening Test here on Monday.Younus was unbeaten on 101 as the home team, replying to Sri Lanka’s mammoth first innings total of 644-7, reached 213-2 at tea.The other […]
Sri Lanka seen as China marketing hub
Feb 23, 2009 (LBO) – Chinese businesses are eying Sri Lanka’s regional and international trade concessions and strategic geographical location as a window into European Union and other Asian markets, a visiting Chinese trade official said. “The geographical location of Sri Lanka is good. It can be used as a window into other Asian and […]
Sri Lanka exporters to get incentives as downturn worsens
Feb 23, 2009 (LBO) – Sri Lanka has unveiled an export incentive program based on maintaining revenues and employment, while emerging data shows contracting nominal values with manufacturers planning to trim workforces. Sri Lanka’s government is giving a 5 percent incentive payment in domestic currency to any exporter who can show 5.0 percent more export […]
Migrant Move
SYDNEY, February 23, 2009 (AFP) – Australia will likely cut the number of skilled immigrants allowed into the country next year, following the global economic downturn, the government said Monday.“I expect the numbers of our programme to drop next year as a reaction to the economic circumstances,” Immigration Minister Chris Evans told reporters. He gave […]
Risky Behaviour
Feb 23, 2009 (LBO) – Sri Lanka’s existing financial regulation are adequate to take action against unregistered finance firms who defraud customers, a former member of the central bank monetary board said.Deva Rodrigo said the recent collapse of unregistered finance companies had raised fears about the stability of the financial system. This was one of […]
Sri Lanka record stand leaves Pakistan struggling
KARACHI, February 22, 2009 (AFP) – Mahela Jayawardene and Thilan Samaraweera smashed double hundreds during a world record stand of 437 as Sri Lanka left Pakistan with a mountain to climb in the opening Test here on Sunday.Jayawardene ended on 240 and Samaraweera struck a career-best 231 as the tourists declared their first innings at […]
Bigger Banks
Feb 22, 2009 (LBO) – Sri Lanka’s banking sector is not at risk from the global credit crisis but needs consolidation to be able to improve returns and attract fresh capital, a senior banker said. Clearer regulatory guidelines were needed to cover changes in ownership in the banking sector and to handle the implications of […]